InvestorQ : Why was Thomas Cook up so sharply on 20 February?
Katherine Gonsalves made post

Why was Thomas Cook up so sharply on 20 February?

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Rutuja Nigam answered.
1 year ago
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Thomas Cook has had a tough last year after the Thomas Cook UK filed for bankruptcy. The Indian arm has already clarified that the domestic company had no link with Thomas Cook of UK but the damage to travel companies was already done after the implosion of Cox & Kings; another reputed travel agent. On 20 Feb, Thomas Cook indicated that it will consider a buyback of shares, which is normally seen as a positive for the stock price. That was the reason for the sharp rally in the stock. Of course, there is no official confirmation on the buyback still.

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